July 19, 2012
All Banks/Primary Dealers
Dear Sir/Madam,
TIMINGS FOR OVERNIGHT REPO/REVERSE REPO FACILITY DURING THE MONTH OF RAMZAN-UL-MUBARAK
Please refer to DMMD circular no. 17 dated October 14, 2011 regarding timings for availing SBP Overnight Repo /Reverse-Repo Facility under Interest Rate Corridor Mechanism. In this regard, it is advised that following timings will remain effective during the month of Ramzan-ul-Mubarak to intimate State Bank of Pakistan for availing overnight repo/reverse repo facility ( at floor/ceiling rate). Days Time for Overnight Repo/Reverse Repo Facility Monday to Thursday 01:30 PM to 02:00 PM Friday 12:00 PM to 12:30 PM After Ramzan-ul-Mubarak above timings will automatically be reverted to pre Ramzan-ul-Mubarak timings. All are advised to strictly observe the aforesaid timings. Other instructions on the subject will remain unchanged
Please refer to DMMD circular no. 17 dated October 14, 2011 regarding timings for availing SBP Overnight Repo /Reverse-Repo Facility under Interest Rate Corridor Mechanism.
Yours truly, (Muhammad Ali Malik) Director